When the Fed lowers the federal funds rate, which of the following economic variables responds most slowly?
A) other short-term interest rates
B) the inflation rate
C) consumption expenditure
D) the long-term real interest rate
E) the supply of loanable funds
B
Economics
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What does the saying "There is no such thing as a free lunch" mean?
a. free lunches were outlawed in 1920 b. You will receive a bill for the "free" lunch at a later date c. free lunches often cause food poisoning d. everything costs something
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Why is the benefit of something measured by what you are willing to give up?
What will be an ideal response?
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